Tullahoma USDA Loan Rates, Closing Costs & Stats

Tullahoma-Manchester, TN

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Tullahoma's 35 lenders originated 106 USDA loans during 2022. The total origination value was $21,980,000, with an average USDA loan value of $207,358.

    Tullahoma USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Tullahoma averaged 6.46% for the week of 2023-09-22, compared to the national average (all USDA variants) of 7.021% for the same period.

    Tullahoma's average USDA mortgage closing costs are $5,050.

    The average rate for the prior week (2023-09-15) was 6.42% and one month ago for the week of 2023-08-18, the average rate was 6.62%.

    The average rate one year ago was 5.45%.

    For refis of the same type during the week of 2023-09-22, the average rate was 6.11%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Tullahoma USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tullahoma level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    FIRST COMMUNITY MORTGAGE, INC. 21 4.64% $6,267
    MORTGAGE INVESTORS GROUP, INC. 10 5.38% $5,147
    First Vision Bank of Tennessee 9 4.80% $6,923
    Renasant Bank 8 4.59% $6,109
    First Horizon Bank 5 4.03% $5,106
    FirstBank 4 4.47% $6,280
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.21% $10,169
    The First National Bank of Middle Tennessee 3 3.88% $4,498
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 3.75% $9,137
    GUARANTY HOME MORTGAGE CORPORATION 3 3.79% $6,291
    CMG MORTGAGE, INC. 3 4.04% $6,694
    ACOPIA, LLC 2 2.81% $8,100
    F&M Bank 2 4.56% $6,380
    STOCKTON MORTGAGE CORPORATION 2 4.75% $5,120
    UNITED WHOLESALE MORTGAGE, LLC 2 4.88% $6,819
    Legends Bank 2 4.75% $5,146
    SOUTHWEST FUNDING, LP 1 4.75% $10,342
    SWBC MORTGAGE CORPORATION 1 3.75% $7,089
    THE MORTGAGE FIRM, INC. 1 4.25% $6,239
    U.S. Bank 1 4.13% $3,769
    AMERICAN FINANCIAL RESOURCES, INC. 1 3.63% $5,107
    Assurance Financial Group, L.L.C. 1 5.13% $5,761
    BROKER SOLUTIONS, INC. 1 6.75% $9,332
    CALIBER HOME LOANS, INC. 1 3.25% $5,100
    Citizens Tri-County Bank 1 5.25% $6,867
    Colten Mortgage, LLC 1 5.63% $7,826
    CROSSCOUNTRY MORTGAGE, LLC 1 4.50% $4,514
    HOME POINT FINANCIAL CORPORATION 1 5.38% $7,470
    Hometown Lenders, Inc. 1 6.75% $8,129
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.75% $3,242
    MOVEMENT MORTGAGE, LLC 1 2.75% $6,183
    NEWREZ LLC 1 5.75% $6,898
    PENNYMAC LOAN SERVICES, LLC 1 3.49% $4,620
    Pinnacle Bank 1 6.13% $6,117
    SeaTrust Mortgage Company 1 6.75% $8,165

    The top Tullahoma USDA lender as defined by loan originations is FIRST COMMUNITY MORTGAGE, INC., with 21 USDA loans originated. Their average total fees are $6,267, which is $1,119 higher than the next largest lender, MORTGAGE INVESTORS GROUP, INC..

    The lowest fee Tullahoma USDA lenders (with over 10 loans originated) are MORTGAGE INVESTORS GROUP, INC. ($5,147), FIRST COMMUNITY MORTGAGE, INC. ($6,267), .

    The lowest rate Tullahoma USDA lenders (with over 10 loans originated) are FIRST COMMUNITY MORTGAGE, INC. (4.64%), MORTGAGE INVESTORS GROUP, INC. (5.38%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Tullahoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $249,950 (16.8%) $370,871 (16.9%) 0.00 342
    2018-02-01 $272,450 (32.9%) $385,937 (22.8%) 0.00 331
    2018-03-01 $274,750 (28.8%) $384,268 (20.5%) 0.00 336
    2018-04-01 $289,925 (31.8%) $384,252 (16.0%) 0.00 332
    2018-05-01 $299,900 (11.1%) $396,499 (2.0%) 0.00 334
    2018-06-01 $299,900 (13.4%) $396,066 (3.7%) 0.00 359
    2018-07-01 $292,200 (2.5%) $395,178 (-0.1%) 0.00 362
    2018-08-01 $283,049 (3.0%) $385,262 (-0.1%) 0.00 366
    2018-09-01 $269,000 (1.6%) $368,219 (-2.3%) 0.00 373
    2018-10-01 $273,625 (2.3%) $372,428 (-1.9%) 0.00 375
    2018-11-01 $269,000 (7.7%) $362,137 (-2.7%) 0.00 373
    2018-12-01 $256,900 (0.8%) $341,789 (-9.8%) 0.00 366
    2019-01-01 $256,900 (2.8%) $339,904 (-8.4%) 0.00 344
    2019-02-01 $259,925 (-4.6%) $347,394 (-10.0%) 0.00 346
    2019-03-01 $276,329 (0.6%) $365,505 (-4.9%) 0.00 320
    2019-04-01 $282,829 (-2.5%) $376,483 (-2.0%) 0.00 300
    2019-05-01 $302,425 (0.8%) $389,545 (-1.8%) 0.00 315
    2019-06-01 $294,900 (-1.7%) $378,517 (-4.4%) 0.00 334
    2019-07-01 $298,450 (2.1%) $398,529 (0.9%) 0.00 341
    2019-08-01 $294,109 (3.9%) $396,035 (2.8%) 0.00 344
    2019-09-01 $288,423 (7.2%) $396,558 (7.7%) 0.00 357
    2019-10-01 $284,250 (3.9%) $396,907 (6.6%) 0.00 365
    2019-11-01 $269,250 (0.1%) $390,251 (7.8%) 0.00 349
    2019-12-01 $259,900 (1.2%) $368,098 (7.7%) 0.00 343
    2020-01-01 $256,900 (0.0%) $366,151 (7.7%) 0.00 317
    2020-02-01 $258,750 (-0.5%) $360,313 (3.7%) 0.00 302
    2020-03-01 $286,175 (3.6%) $385,580 (5.5%) 0.00 286
    2020-04-01 $279,900 (-1.0%) $379,841 (0.9%) 0.00 284
    2020-05-01 $306,990 (1.5%) $403,399 (3.6%) 0.00 255
    2020-06-01 $319,900 (8.5%) $404,821 (7.0%) 0.00 217
    2020-07-01 $316,950 (6.2%) $394,084 (-1.1%) 0.00 201
    2020-08-01 $329,900 (12.2%) $402,355 (1.6%) 0.00 178
    2020-09-01 $309,475 (7.3%) $407,296 (2.7%) 0.00 151
    2020-10-01 $314,500 (10.6%) $415,086 (4.6%) 0.00 149
    2020-11-01 $295,000 (9.6%) $424,355 (8.7%) 0.00 140
    2020-12-01 $279,900 (7.7%) $403,655 (9.7%) 0.00 139
    2021-01-01 $264,900 (3.1%) $382,155 (4.4%) 0.00 135
    2021-02-01 $289,900 (12.0%) $398,589 (10.6%) 0.00 119
    2021-03-01 $292,900 (2.4%) $414,630 (7.5%) 0.00 107
    2021-04-01 $346,200 (23.7%) $492,240 (29.6%) 0.00 100
    2021-05-01 $409,900 (33.5%) $478,188 (18.5%) 0.00 117
    2021-06-01 $382,425 (19.6%) $515,365 (27.3%) 0.00 119
    2021-07-01 $369,400 (16.6%) $497,886 (26.3%) 0.00 148
    2021-08-01 $382,450 (15.9%) $505,060 (25.5%) 0.00 171
    2021-09-01 $386,975 (25.0%) $511,253 (25.5%) 0.00 186
    2021-10-01 $379,900 (20.8%) $552,163 (33.0%) 0.00 175
    2021-11-01 $391,825 (32.8%) $570,072 (34.3%) 0.00 179
    2021-12-01 $374,900 (33.9%) $568,561 (40.9%) 0.00 160
    2022-01-01 $374,900 (41.5%) $560,458 (46.7%) 0.00 135
    2022-02-01 $394,625 (36.1%) $570,936 (43.2%) 0.00 132
    2022-03-01 $378,450 (29.2%) $581,664 (40.3%) 0.00 148
    2022-04-01 $429,000 (23.9%) $572,595 (16.3%) 0.00 177
    2022-05-01 $432,400 (5.5%) $601,859 (25.9%) 0.00 219
    2022-06-01 $449,900 (17.6%) $598,719 (16.2%) 0.00 276
    2022-07-01 $446,700 (20.9%) $587,947 (18.1%) 0.00 319
    2022-08-01 $457,400 (19.6%) $606,590 (20.1%) 0.00 345
    2022-09-01 $468,700 (21.1%) $638,291 (24.9%) 0.00 349
    2022-10-01 $399,900 (5.3%) $584,904 (5.9%) 0.00 421
    2022-11-01 $399,900 (2.1%) $567,578 (-0.4%) 0.00 419
    2022-12-01 $399,900 (6.7%) $570,546 (0.4%) 0.00 397
    2023-01-01 $384,925 (2.7%) $569,514 (1.6%) 0.00 378
    2023-02-01 $384,950 (-2.5%) $580,838 (1.7%) 0.00 351
    2023-03-01 $389,675 (3.0%) $583,695 (0.4%) 0.00 349
    2023-04-01 $479,900 (11.9%) $636,215 (11.1%) 0.00 327
    2023-05-01 $479,900 (11.0%) $622,138 (3.4%) 0.00 351
    2023-06-01 $479,450 (6.6%) $610,798 (2.0%) 0.00 384
    2023-07-01 $474,900 (6.3%) $584,930 (-0.5%) 0.00 360
    2023-08-01 $456,675 (-0.2%) $574,452 (-5.3%) 0.00 374
    Tullahoma's median listing price for 2023-08-01 was $456,675, a difference of $-725 (-0.2%) versus the prior year and $-18,225 versus the prior month.

    Tullahoma's median listing price comes in at 0% of the national average.

    Tullahoma's average listing price for 2023-08-01 was $574,452, a difference of $-32,138 (-5.3%) versus the prior year and $-10,478 versus the prior month.

    For the 2023-08-01 period, Tullahoma had 374 MLS listings, a difference of 14 listings (4%) versus the prior month and 29 listings (8%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tullahoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,220 sqft
    2018-02-01 0 days 2,289 sqft
    2018-03-01 0 days 2,279 sqft
    2018-04-01 0 days 2,297 sqft
    2018-05-01 0 days 2,420 sqft
    2018-06-01 0 days 2,421 sqft
    2018-07-01 0 days 2,421 sqft
    2018-08-01 0 days 2,312 sqft
    2018-09-01 0 days 2,280 sqft
    2018-10-01 0 days 2,242 sqft
    2018-11-01 0 days 2,257 sqft
    2018-12-01 0 days 2,154 sqft
    2019-01-01 0 days 2,156 sqft
    2019-02-01 0 days 2,183 sqft
    2019-03-01 0 days 2,274 sqft
    2019-04-01 0 days 2,380 sqft
    2019-05-01 0 days 2,454 sqft
    2019-06-01 0 days 2,400 sqft
    2019-07-01 0 days 2,405 sqft
    2019-08-01 0 days 2,345 sqft
    2019-09-01 0 days 2,295 sqft
    2019-10-01 0 days 2,262 sqft
    2019-11-01 0 days 2,235 sqft
    2019-12-01 0 days 2,109 sqft
    2020-01-01 0 days 2,088 sqft
    2020-02-01 0 days 2,061 sqft
    2020-03-01 0 days 2,220 sqft
    2020-04-01 0 days 2,200 sqft
    2020-05-01 0 days 2,269 sqft
    2020-06-01 0 days 2,286 sqft
    2020-07-01 0 days 2,259 sqft
    2020-08-01 0 days 2,226 sqft
    2020-09-01 0 days 2,166 sqft
    2020-10-01 0 days 2,181 sqft
    2020-11-01 0 days 2,099 sqft
    2020-12-01 0 days 1,988 sqft
    2021-01-01 0 days 1,938 sqft
    2021-02-01 0 days 1,920 sqft
    2021-03-01 0 days 1,859 sqft
    2021-04-01 0 days 1,894 sqft
    2021-05-01 0 days 1,915 sqft
    2021-06-01 0 days 1,987 sqft
    2021-07-01 0 days 1,959 sqft
    2021-08-01 0 days 2,057 sqft
    2021-09-01 0 days 2,080 sqft
    2021-10-01 0 days 2,188 sqft
    2021-11-01 0 days 2,169 sqft
    2021-12-01 0 days 2,072 sqft
    2022-01-01 0 days 2,019 sqft
    2022-02-01 0 days 2,030 sqft
    2022-03-01 0 days 2,001 sqft
    2022-04-01 0 days 2,037 sqft
    2022-05-01 0 days 2,118 sqft
    2022-06-01 0 days 2,221 sqft
    2022-07-01 0 days 2,187 sqft
    2022-08-01 0 days 2,090 sqft
    2022-09-01 0 days 2,121 sqft
    2022-10-01 0 days 2,010 sqft
    2022-11-01 0 days 2,002 sqft
    2022-12-01 0 days 1,968 sqft
    2023-01-01 0 days 1,972 sqft
    2023-02-01 0 days 1,928 sqft
    2023-03-01 0 days 1,947 sqft
    2023-04-01 0 days 2,121 sqft
    2023-05-01 0 days 2,169 sqft
    2023-06-01 0 days 2,200 sqft
    2023-07-01 0 days 2,214 sqft
    2023-08-01 0 days 2,159 sqft
    Tullahoma's median listing age (time on market) for 2023-08-01 was 0 days.

    Tullahoma's median square footage for active listings during the 2023-08-01 period was 2,159 sqft. One year prior, the average listing was 2,090 sqft.